Members of Two Groups Can Be Both Benevolent and Hostile

question 42

Multiple Choice

Members of two groups can be both benevolent and hostile toward each other at the same time. What two groups?

• A) blacks and whites
• B) rich and poor
• C) majority and minority group members
• D) women and men
• E) young and old

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Definitions:

Unit Tax

A tax that is imposed on a product based on a fixed amount per unit, rather than a percentage of the price.

Output

The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices during a specified period.